Can I retire at age 73 with 1,990,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$164,332$162,869$161,440$160,046$158,685$155,164
2 years$81,353$79,838$78,369$76,945$75,564$72,035
3 years$53,696$52,175$50,710$49,300$47,941$44,514
4 years$39,871$38,354$36,904$35,518$34,192$30,894
5 years$31,578$30,070$28,639$27,281$25,992$22,832
6 years$26,051$24,554$23,145$21,817$20,567$17,547
7 years$22,105$20,621$19,233$17,937$16,726$13,849
8 years$19,146$17,676$16,311$15,047$13,876$11,139
9 years$16,847$15,390$14,049$12,816$11,686$9,087
10 years$15,008$13,565$12,248$11,048$9,957$7,494
11 years$13,504$12,077$10,783$9,615$8,563$6,233
12 years$12,253$10,839$9,570$8,434$7,421$5,220
13 years$11,194$9,796$8,550$7,446$6,471$4,395
14 years$10,288$8,904$7,682$6,609$5,672$3,717
15 years$9,503$8,134$6,936$5,894$4,994$3,156
16 years$8,816$7,463$6,288$5,278$4,414$2,687
17 years$8,212$6,873$5,722$4,742$3,914$2,294
18 years$7,675$6,351$5,224$4,274$3,480$1,963
19 years$7,195$5,886$4,782$3,862$3,102$1,682
20 years$6,763$5,469$4,389$3,497$2,771$1,444
21 years$6,374$5,095$4,037$3,174$2,479$1,242
22 years$6,020$4,756$3,720$2,886$2,222$1,069
23 years$5,697$4,448$3,435$2,628$1,995$920
24 years$5,402$4,167$3,177$2,397$1,793$794
25 years$5,131$3,911$2,943$2,189$1,614$685
26 years$4,881$3,676$2,729$2,002$1,453$591
27 years$4,649$3,459$2,534$1,832$1,310$510
28 years$4,435$3,259$2,356$1,679$1,182$441
29 years$4,236$3,075$2,192$1,539$1,068$381
30 years$4,051$2,904$2,042$1,413$965$330
31 years$3,878$2,745$1,904$1,298$872$285
32 years$3,716$2,598$1,776$1,192$789$247
33 years$3,564$2,460$1,658$1,097$714$213
34 years$3,421$2,331$1,550$1,009$646$185
35 years$3,287$2,211$1,449$929$586$160
36 years$3,161$2,099$1,355$855$530$138
37 years$3,041$1,993$1,269$788$481$120
38 years$2,928$1,894$1,188$726$436$104
39 years$2,822$1,801$1,113$670$395$90
40 years$2,721$1,714$1,043$618$359$78
41 years$2,625$1,632$978$570$325$67
42 years$2,534$1,554$918$526$295$58
43 years$2,447$1,480$861$486$268$51
44 years$2,364$1,411$808$448$243$44
45 years$2,286$1,346$759$414$221$38
46 years$2,211$1,284$713$382$200$33
47 years$2,139$1,225$670$353$182$29
48 years$2,071$1,170$629$327$165$25
49 years$2,006$1,117$591$302$150$21
50 years$1,943$1,067$556$279$136$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $1,990,000, adding $5,975 every year, while hoping to spend $47,112 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/8/20 Blend
72$1,990,000$1,990,000$1,990,000$1,990,000
73$2,199,143$2,093,673$2,062,828$2,346,458
74$2,373,329$2,146,136$2,081,806$2,497,721
75$2,563,703$2,199,591$2,099,841$2,657,118
76$2,771,866$2,254,037$2,116,851$2,830,504
77$2,999,582$2,309,470$2,132,751$3,019,263
78$3,248,791$2,365,886$2,147,451$3,224,915
79$3,521,633$2,423,280$2,160,855$3,449,135
80$3,820,461$2,481,642$2,172,865$3,693,772
81$4,147,867$2,540,961$2,183,375$3,960,860
82$4,506,707$2,601,226$2,192,275$4,252,640
83$4,900,124$2,662,419$2,199,450$4,571,582
84$5,331,583$2,724,524$2,204,778$4,920,407
85$5,804,898$2,787,519$2,208,131$5,302,114
86$6,324,270$2,851,379$2,209,376$5,720,008
87$6,894,326$2,916,078$2,208,371$6,177,728
88$7,520,166$2,981,584$2,204,970$6,679,287
89$8,207,403$3,047,862$2,199,017$7,229,105
90$8,962,225$3,114,874$2,190,350$7,832,054
91$9,791,444$3,182,576$2,178,799$8,493,502
92$10,702,569$3,250,919$2,164,187$9,219,365
93$11,703,869$3,319,852$2,146,325$10,016,161
94$12,804,456$3,389,317$2,125,019$10,891,075
95$14,014,366$3,459,249$2,100,062$11,852,024
96$15,344,658$3,529,579$2,071,242$12,907,730
97$16,807,517$3,600,232$2,038,331$14,067,810
98$18,416,364$3,671,124$2,001,096$15,342,857
99$20,185,990$3,742,166$1,959,290$16,744,549
100$22,132,690$3,813,260$1,912,654$18,285,753